What is logistic? Deal with the management of the flow of goods or materials from point of origin to point of consumption‚ and in some cases even to the point of disposal. Logistics is not confined to manufacturing operations alone. It is relevant to all enterprises‚ including government institutions such as hospitals and schools‚ service organization such as retailers‚ banks and financial service organizations. Logistics is dependent upon natural‚ human‚ financial and information resources for
Premium Management Customer service Marketing
Conclusion……………………………………………………………………………….17 6. References………………………………………………………………………………..18 Effect of Extracurricular Activities on Academic Performance at NSU Introduction Music‚ volunteer work‚ community service‚ sports‚ debating‚ etc—all of these have an influence on how university students perform academically. The way students choose to spend their free time can affect their academic performance; it is not simply traditional in-class instruction that impacts academic achievement. “A study by the
Premium High school Extracurricular activity
Cost Accounting: A Managerial Emphasis‚ EXHIBIT 11-1 Accounting Information and the Decision Process FIVE-STEP SEQUENCE Step 1: Gathering Information AN ILLUSTRATION The current manufacturing line uses 20 employees‚ 15 operating machines‚ and 5 handling materials‚ for a total cost of $640‚000. The rearrangement of the manufacturing assembly line is expected to eliminate materials-handling costs‚ equivalent to $160‚000. The cost of the rearrangement will be $90‚000. Historical
Premium Costs Variable cost Cost
understanding about cost accounting. This paper will discuss: Why is cost accounting so important to the success of the firm; what are the various methods of cost accounting and how are they used; how does an operating budget work to discipline a firm’s management; what are the elements of a budget; how are budgets constructed; what is variance analysis and how it is used. Cost accounting can be described as the process of accumulating‚ measuring‚ analyzing‚ interpreting and reporting cost information
Premium Balance sheet Financial statements Generally Accepted Accounting Principles
The Cost of Turnover Putting a Price on the Learning Curve by Timothy R. Hinkin and J.BruceTracey Employee turnover does more than reduce service quality and damage employee moraleit hits a hotels pocketbook. E mployee turnover has long been a concern of the hospitality industry‚ and therefore of researchers who examine industry human-resources concerns. One stream of research that arose in the past 20 years was an effort to quantify the cost of employee turnover. Although most managers
Premium Hotel Employment Costs
| | | |Assignment : Managing Cost and making financial interpretations for decision | |
Premium Decision making Strategic management Budget
Economic Cost of “Power Outages” By Dr. Aisha Ghaus-Pasha Table of Contents Page No. 1. Causes of Power Outages 1 2. Quantifying Outage Costs 2 3. Incidence of Outages 4 4. Pattern of Direct Costs 5 5. Types of Adjustments to Outages 5 6. Extent of Recovery of Output 6 7. Total Outage Costs to the Industrial Sector 6 8. National Costs of Load Shedding 7 9. Policy Implications 9 9.1. Investment in Power Sector 9 9.2. Load Management
Premium Electric power transmission Power outage Costs
activities Social Activities Introduction: ← Social activities are defined as the recreational programs for the human resources .It is also defined as an activity considered appropriate on social occasions. Social activity has long been recognized as an essential component of healthy aging. Some of the Types of social Activity: □ Environmental Activities □ Educational Activities □ Blood Donation □ Disaster Aid □ Support Program
Premium Blood Red blood cell
Classification of Cost Cost may be classified into different categories depending upon the purpose of classification. Some of the important categories in which the costs are classified are as follows: 1. Fixed‚ Variable and Semi-Variable Costs The cost which varies directly in proportion with every increase or decrease in the volume of output or production is known as variable cost. Some of its examples are as follows: • Wages of laborers • Cost of direct material • Power The cost which does not
Premium Costs Variable cost Fixed cost
2‚ you should be able to: LO1 Identify and give examples of each of the three basic manufacturing cost categories. LO2 Distinguish between product costs and period costs and give examples of each. including calculation of the cost of goods sold. LO4 Prepare a schedule of cost of goods manufactured. LO5 Understand the differences between variable costs and fixed costs. LO6 Understand the differences between direct and indirect costs. LO7 Define and give examples of cost classifications
Premium Costs